Accurate, clean and perfectly structured data availability is the need of every business today. Whether you are a manufacturer, wholesaler, retailer or service provider, whether you have conventional business model or have ebusiness platform and whatever is your company size small, medium or large, your foremost and core requirement is properly structured, uniform, accurate and clean data in a centralized repository from where users across the enterprise can access it. Businesses today need ERP Systems, websites for online transactions, catalogs of the products they sell, web enabled online processing of clients requirements and much more to be successful in today’s competitive world. Non of it is possible without a perfect, comprehensive and best structured data. A large number of businesses today are suffering from critical weaknesses in data management field in one way or the other.
It can be said that data is like raw material from which products of various kinds are manufactured. Perfect material will produce best products.
Various issues concerning data management being faced by large number of businesses today are: